Business & Finance
Santos plans to leave Tern wellhead on site
Santos has filed its environment plan for the abandonment of the Tern-1 wellhead to the Australian offshore regulator and the plan is now under assessment.
Equinor hits minor oil discovery near Vigdis field
Equinor has made a minor oil discovery near the Vigdis field in the North Sea offshore Norway.
BNEF: Offshore wind financing skyrockets in 2020
Offshore wind financings in the first six months of 2020 totaled $35 billion, up by a record 319% year-on-year, according to BloombergNEF (BNEF). The BNEF data shows that offshore wind had by far its busiest half-year ever for final investment decisions, well above 2019’s record full-year figure, a
Oil Search flags $400 million impairments
The Papua New Guinea-focused oil and gas producer and PNG LNG stakeholder, Oil Search flagged a $360-$400 million impairment in its interim results.
Dutch operator curbs gas production from North Sea field over low prices
Dutch operator Tulip Oil has reduced its gas production from the Q10-A gas field located in the Dutch sector of the North Sea due to low gas prices.
Vattenfall plans new wind farm offshore Sweden
Vattenfall is investigating the possibility of developing a new offshore wind project in Sweden called Kattegatt Syd. The Kattegatt Syd project is located at a circa 177km2 area approximately 25km offshore Falkenberg, north of the planned Stora Middelgrund offshore wind project. The site is situated
Beach and Bridgeport get new gas exploration permits off Australia
Australian oil and gas companies Beach Energy and Bridgeport Energy have been awarded two new gas exploration permits offshore Australia.
Novatek posts lower quarterly production, sales
Russia’s largest independent natural gas and LNG producer Novatek reported a decline in both production and sales in the second quarter of this year. Novatek said Monday its natural gas production declined by 2.2 percent year-on-year to 18.5 billion cubic metres. The Russian company’s total producti
Vattenfall seeks permit changes for two Swedish offshore wind projects
Vattenfall is preparing to apply for permit changes related to the Stora Middelgrund offshore wind project in Sweden, acquired from Universal Wind in the spring of last year. The Stora Middelgrund project has a permit from 2008 which includes the construction of 108 8 MW turbines that are 200 meters
Shipbuilding in dire straits: global ordering hit hard in H1 of 2020
There has been a dramatic fall in the shipbuilding activity during the first half of 2020 as the COVID-19 pandemic curbed owners’ willingness to order new ships amid market uncertainties and restricted access to capital. Based on the data from VesselsValue, the number of ordered ships in the first h
Otakikpo partners ink service agreements with Schlumberger for next phase of drilling
Partners in the Otakikpo marginal field, located offshore Nigeria, have executed service agreements for the next phase of the drilling program.
Wellube gets new managing director
Engineering and pipeline maintenance expert Wellube has appointed Garry Kidd, as managing director. This follows a Unique Group company’s major rebrand as part of the renewal of the business, strategy and corporate vision. Kidd brings over 13 years of experience in senior leadership positions, of wh
U.S. offshore rig count steady at 12 units
The U.S. weekly offshore rig count remained unchanged at 12 units, according to a Friday report by Baker Hughes.
Singapore to add new LNG term importers
Singapore is looking to appoint two additional LNG term importers to boost competition and provide more options for gas buyers. The country has been steadily increasing LNG imports and re-exports since the start of its first and only facility at Jurong Island more than seven years ago. Asia’s larges